A debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.
No liability as director for limited cooperative association’s obligations
Colo. Rev. Stat. § 7-58-802, under Directors and Officers.
Colo. Rev. Stat. § 7-58-802